Healthcare Software Plays a Major Role in Running Hospitals | healthcare

Health is one of the most rejoiced blessings of Almighty that humankind enjoys. A healthy person may not be wealthy yet enjoy his life but a sick person having bounties at his disposal may not be as happy as the former one. With the ever advancing time, advanced the technology developed by humans and that too at a rate of manifolds. 15 years ago no one had even imagined operating his cellphone by touching its screen but now almost all the phones use touch interface and some even don’t need a physical touch to get instructions. That’s a fine example of technological advancement in daily lives but apart from that the smart human mind has developed software to perform extraordinary tasks at the snap of fingers. Hefty tasks with extensive procedures are now possible to be done at a few clicks of the mouse. One such area of development is the Healthcare Industry where technological expansion is acting as a boon to us. Healthcare software have made the doctors’ jobs so convenient and patients’ lives much hassle free, but before proceeding further we need to understand what Healthcare software is.Wikipedia defines Healthcare software as – Software intended to analyze patient data generated by a medical device with a view to diagnosis and monitoring. Thus it is clear that today all sorts of medical devices and equipment use some sort of software to operate be it a dentist’s machine to get the X-ray of a human tooth or a super sophisticated radioactive machine that uses precise laser beam to perform chemotherapy.The healthcare software are becoming an absolute necessity these days for all the hospitals especially to run them effectively. Cases came forward of multiple casualties caused due to over dosage of drugs suggested by software due to errors in coding which resulted in regulatory bodies strictly reviewing the software to avoid further casualties. After stretched R&D, certain norms were formed which are followed in US and Europe. Today all software are developed on US and EU norms. With the boom in IT industry, numerous organizations are developing software focused only on Healthcare Industry. One should understand that healthcare software are used not only to diagnose and cure medicines but also for the smooth and hassle-free functioning of the organization or hospital or wherever it is being implemented.Let’s consider an example of any XYZ hospital using a series of healthcare software. These may primarily be used in operation of medical equipment but apart from that the secondary areas where these software may be used are numerous. Biometric attendance system uses a combination of software and hardware to mark the employees’ attendance using their fingerprints. Instead of hiring a clerk or manager, both resources and time may be saved by software that randomly assigns shifts of staff at various departments and times. A software may save a HR manager’s day at hospital by automatically calculating the working days and maintain the salary accounts of the employees. Earlier much time was wasted consulting hospital’s management and doctors regarding cases that fall under special category and may conflict with the organization’s policies. Welcome a new application that automatically does the required scrutiny for you. Many healthcare insurance companies are signing contracts with hospitals to provide healthcare services and with the entry of related applications and set of software the entries made at insurance office are mirrored at hospitals in contract and vice versa thus saving many lives due to the prolonged procedures used earlier. Even Nova (Earlier Excel) Hospital of Kanpur uses such software. Now clerks are no longer required to run all around the premises to the respective doctors to fetch and serve orders. Applications being used now make it possible to feed, manage and send the orders by the management or doctors. With just a few clicks an order may be transmitted to everyone intended in few seconds. Healthcare software also prevents the store rooms from getting flocked by files and records. Digitization makes it convenient store all the required data and records at single place which can be further accessed by authorized people through cloud computing or physical sharing. Since the time a patient gets admitted in a hospital to the billing of his treatment, Healthcare software takes care of everything.Continuous research and development in this sector and collaborations with giant IT companies, organizations are now developing extremely advanced yet easy-to-use software that are making millions of lives easy and saving so much of resources. From peon to surgeon to Managing Director of hospitals, Healthcare software touch everyone’s life and somewhat act as a lifeline making the software an absolute necessity for effective and efficient running of hospitals.

Auto Transport Broker | transportation

An auto transport broker is a person who typically acts as middleman between the auto transport carrier companies and you. Brokers are often not liked by people. They are the main marketing force behind the promotion of the auto transport companies.The auto transport brokers may be individuals or companies who provide the information about the various transport carriers. These brokers can be considered as the directory to the auto transportation industry, they possess a vast knowledge about the different carriers and they enable you to get the best of the carriers from their list according to your need. They charge a professional fee for this service.Many people prefer to go directly to the transport carriers without the service provided by the brokers; this is only possible if they are aware of the carriers and they get their preferred carriers which could serve their need of fulfilling both the time and route criterions as many companies travel through the specific routes. Brokers are the real energy drink or an effective marketing tool for the success of any industry.However there are many other valid reasons as to why there is a requirement for an intermediary. One reason for which there is an involvement of brokers in any industry is the flexibility and the availability of the service. Since the auto transport companies deliver through specific routes it is often not possible for the consumers of the service to directly deal with the shippers. Hence the brokers deal and get the shipping board.One service which the brokers provide for which they are preferred by many people is that they are capable of finding a company which can offer to transport your vehicles at an affordable price you require and they also take care about your time preference or the delivery schedule. They usually have a wide network chain due to this reason they provide a very satisfactory service. Another fascinating thing about the brokers is that they often offer service at a price that is almost equivalent to or better than incase you had approached a carrier company directly.Hence, to summarize the brokers act as an agent who helps the consumers to track the right transporting companies and with view point of the transporting companies they act as a tool that increases the awareness of their companies. The responsibility of the brokers gets over after they locate the right transporting company for the customers. The brokers do not take care of the insurance facility, and it is the actual carrier that bears the responsibility for damages.

How Much Money Did You REALLY Make on Your Real Estate Investment? | investing

Have you heard this statement before? “I made a lot of money on this property – I bought this house for $200,000 and I sold it for $300,000″. Have you ever been in a conversation with someone and heard a story similar to this? Does $100,000 sound like a good return on investment? It depends on many factors. The example in this article will initially focus on real estate used solely as an investment, but your principle residence will also be examined this way if you are trying to figure how much money you have made living in your house.How long did it actually take this person to make this money?If you bought a house for $200,000 and sold it for $300,000 one year later, versus 20 years later, this makes a big difference. Why? When looking at investment returns, you have to look at how long it took for you to achieve the return. This is true because when looking at other investments, time as well as the return itself will be the common yardsticks for comparison. If the price increase of $100,000 happened in one year, this is a 50% return in one year. Other investments might average 1% for cash, 2% for bonds, and 5% for stocks for that same time frame. If you made this $100,000 in 20 years, this would mean 50% spread over 20 years. If you do a simple linear calculation, that is 2.5% each year. Now, the bonds and stocks are pretty attractive compared to this real estate investment. This is important because most people hold on to real estate for a long time and forget how long it took them to achieve the return that they received.The numbers presented are usually only about the buy and sell priceDid you notice that the only numbers mentioned in this example are the buy and sell prices? For most goods, these are the only prices that matter when examining if you made money or not. With real estate, this is not true. Why? Real estate has to be maintained, which is not the case for stocks, bonds, cash or any other paper based or contract based investment. Why does this matter? If you have ever lived in a house, you know that there are utilities to pay, renovations to make, repairs to perform and taxes to pay. If you were to buy a GIC at a bank, and the bank said to you: “you will receive $100 in interest each month. However, to keep the GIC you need to pay $20 a month for a maintenance fee.” Wouldn’t this mean you would only make $80 per month, and not $100 per month? This same thinking applies to real estate. If you buy a house as an investment, and you have to pay utilities, taxes, renovation costs, mortgage interest, and repairs as well as costs to buy and sell the real estate, shouldn’t these be accounted for in your return? If you are renting the property, the rent collected would also add to your return. If you are trying to rent a property, but it is vacant for 6 months, that 6 month period is not part of your return.As an example related to the above, let’s say the house was bought for $200,000 and sold for $300,000, and it took 5 years for this transaction. To actually buy the house, the legal fees, land transfer taxes, mortgage contract and real estate fees amounted to $1000, $3000, $500 and $5000 respectively. The total set up costs would be $9500 so far, which would be subtracted from the money you made, because it actually costs you $200,000 PLUS $9500 to physically buy the house.Let’s say now that you rented the house for $2000 per month, but you had mortgage costs of $600 per month in interest (note that the principle is not included in this figure because principle is your money that you receive in return). You also have property taxes of $250 per month and utilities of $500 per month. You are netting out $2000 – $250 – $500 per month or $1250 per month. With the mortgage interest deducted from this sum, you would have $1250 – $600 or $650 per month. This equates to $7800 per year in extra income. Since the house was rented for the entire 5 year period – this is an additional $39,000 in return.If for example, work had to be done to get the house ready to rent, wouldn’t this cost be part of the return as well? This is money that you have to spend, and it is only being used on this investment property. If it cost you $5000 for paint, landscaping and minor repairs, this would come off of your investment return.If the roof had to be fixed during that 5 year period, and you paid another $5000 for that repair, the whole amount would be deducted from your return. People may argue that the roof will last another 25 years, which is true – but you only receive the benefit of these repairs if you keep the house! If you sell the house, you may receive the benefit of keeping the house well maintained in a higher selling price, but it will also depend on how hot the real estate market is, what the local neighbourhood is like and other factors which are beyond your control and will come into play only at the time that you are making the sale. This means now that you have an additional $10,000 deducted from your return.To sum up so far, the house profit generated was $100,000. You would subtract $9500 in closing costs to buy the house, add $39000 in rental income less expenses, subtract $5000 for minor repairs, and deduct a further $5000 for a major repair. This would leave you with $100,000 – $9500 + $39,000 – $5,000 – $5,000 = $119,500. Since this transaction took 5 years to complete, the $119,500 should be spread over 5 years. This means that the return per year is $119,500/5 years or about $23,900 per year. Since the original price of the house is $200,000, this means that you are making $23,900/$200,000 or about 12% per year. This is a relatively good return, but if stocks are making 10% per year, this is fairly comparable to what everyone else is getting. Would you have that impression reading only the original story: “I made a lot of money on this property – I bought this house for $200,000 and I sold it for $300,000″?What About the Effort in Managing the Real Estate Property? Consider the time you are spending on your house. If you are a landlord, you will have to inspect your house, make sure your tenants are paying you on time, look for tenants and do minor repairs. If you don’t like doing these things, this is considered work and it will cost you in terms of time you could be doing something else. How to account for this? Tabulate how long it takes you to manage the real estate investment, and multiply how many hours you spend by how much money you are making at work – this would represent a substitute for what else you could be doing since you are already working in that job. If you spend 5 hours per month maintaining the house, and you make $20 per hour at your day job, this is an additional $100 per month in costs. This translates into $1200 per year in your time. Note that with paper based investments like stocks and bonds, there may also be time required to read the news, follow how the stock market is doing and research for timing and alternative investments. An underlying factor here is whether managing real estate feels like a job or a hobby. If it feels like a job, the time should be treated like a job. It the time spent is enjoyable and feels like a hobby, you will get benefits that cannot be quantified and it will likely not bother you to spend time taking care of the property.If you spent time cleaning up the property or moving things left on the property by previous owners, this would all be included in your costs. The rule of thumb is that any money or resources you would have to outlay for this property would be added to the costs and would affect the final return. Any extra money generated, like rent or credits would be added to the return. Another way to say this is: if I didn’t own this investment property, would I still be spending this money? If the answer is no, this would be deducted from your return. If the answer is yes, the cost would not be deducted.What about taxes?Taxes have been left out of the calculation s so far, but if this is an investment property, there will be capital gains taxes on the return generated. They may even be taxes on the rental income if it is deemed to be income, and all of these numbers would get reduced. This is also not part of the story that people describe for their own real estate experience, but you should consider this in your experience. If you borrow money, the interest is tax deductible for an investment property so the situation goes both ways.What about Leverage?It was assumed so far that you are buying the house with cash, or you are borrowing money and receiving it in return once the house was sold. There are calculations out there where people put a fraction of the price of the house as a down payment, borrow the rest and then buy and sell real estate. There are expenses similar to what was calculated above, but the base for the return calculation is much smaller, which makes the return much bigger.Going back to the story in the first paragraph, you do not know if the person borrowed money to buy the house or not. Most people don’t consider that as part of an investment return and don’t tell you that as part of their result.Let’s say you would put down 10% of the value of the house when you buy it. This would equate to $200,000 x 10% or $20,000. Over the time that you borrow the money, you would be paying interest. Any costs involved in setting up the borrowed funds, like appraisal of the property, legal fees or bank fees would be part of the financing costs. The interest paid would be part of your investment as well. If you borrow $180,000 and the interest rate is 4%, you are paying $7200 per year. Over 5 years, this is $7200 x 5 or $36,000. If the cost to set up the loan was $3000 in total, the actual amount of money that you invested would still be $20,000. The costs to set up the loan and the interest charges would be deducted from the return. Looking at the original example, if you have a gain or $100,000 plus the adjustments, the total gain was $119,500. If you subtract the costs of the leverage, you would have a net gain of $119,500 – $3000 – $36,000 or $80,500. If you were to go ahead and calculate the return on your investment, you would use a base of $20,000, and a gain of $80,500. Since the time period to earn the return was 5 years, this would be $16,100 per year. On this base amount, the return would be 80.5% per year. This number is much larger than what you had without the leverage – the only difference is that the money was borrowed rather than paid in cash. Once the house is sold, the bank would have to be paid the $180,000 that was lent, but you get to keep the whole gain over and above that amount.Leverage can be good or bad depending on whether you make or lose money. Leverage magnifies your gain and your loss. Since most real estate deals happen with borrowed money, be mindful of how these numbers get calculated. It may be the leverage that makes the return astounding, not the return on the original investment using cash. If you see advertising for real estate return calculations, be mindful of how much of these returns are based on leverage versus the actual gain in the property itself.What if the Price of the House Goes Down?Yes, prices of real estate properties can go down. In the long run, prices are said to move up almost always, but this is also true for stocks, bonds, and physical goods as well. The reason why prices go up is not entirely because real estate is a good investment – it is because inflation keeps rising, and as that happens the numbers will always get bigger. If you have a fixed amount of something, and the number of dollars keeps rising, the number of dollars available to buy each thing will get larger. This is why all investments will go up if you wait long enough and if the merits of the investment are still true in the long run. If the price of the real estate property decline while you are holding it, all of the expenses will still be there. This is why some people lose money in real estate. It may take 5 or 10 years for a property to recover in value once it begins to decline – so you have to be willing to wait about this long if you want the adage to be true.What if I Live in the House?If you live in the house, the wrinkle in the calculations is that some of the money you are paying is for expenses you would pay anyway. If you didn’t buy a house and rented an apartment, you would have to pay some equivalent in rent and bills. You can take the difference between those two situations and this would be the money expended, and the return generated as well. Contrary to what a lot of people say, owning is not always better than renting – it depends on the circumstances and what is important to you. What you choose as a lifestyle is very important when deciding whether you have a house for the money or because you like to live there. There will not be any taxes on a house that you live in compared to an investment property, which is another important consideration.What if I Have a Business at Home?If you live and run a business from home, this is even more advantageous to you because you can write off expenses and reduce commuting time and other costs of going to work, while still retaining the income that the work generates. This would generally make the expenses of owning a home cheaper because some of them are tax deducted, and the home make generate more income because it replaces location expenses. The idea of choosing your lifestyle becomes more important here as your home life and your work life are being stationed in one place. If there are issues with your home, this will have a larger effect on you.Real estate is not a good or bad investment – it can be all of the above. The point of the article is that people misrepresent what actually happens in real estate by leaving out selected information. It is usually losses and monthly expenses that are ignored in favour of the big gain made on the price. All aspects of the investment need to kept together to find out if it is really worth it for you to buy real estate.